{"id":130990,"date":"2012-02-06T19:05:27","date_gmt":"2012-02-07T02:05:27","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=130990"},"modified":"2012-02-06T19:05:27","modified_gmt":"2012-02-07T02:05:27","slug":"imf-cuts-chinas-2012-growth-forecast","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2012\/02\/imf-cuts-chinas-2012-growth-forecast\/","title":{"rendered":"IMF Cuts China’s 2012 Growth Forecast"},"content":{"rendered":"

While it weighs the possibility of providing financial support<\/a> to curb the debt crisis in Europe, the IMF warned Monday that\u00a0China’s economic growth could drop quickly if Europe’s debt\u00a0situation deteriorates<\/a><\/strong>. From\u00a0Bloomberg:<\/p>\n

Based on the IMF\u2019s \u201cdownside\u201d forecast for the global economy, China\u2019s growth could drop by as much as 4 percentage points from the fund\u2019s current projection, which is for 8.2 percent this year, the organization said in a report released today by its China office in Beijing.<\/p>\n

The outlook expands on the IMF\u2019s warning last month that the world could plunge into another recession if Europe\u2019s woes deepen. Premier Wen Jiabao reiterated last week his government will \u201cfine-tune\u201d policies to support growth amid the region\u2019s debt crisis and the cooling domestic property market.<\/p>\n

\u201cChina\u2019s growth rate would drop abruptly if the euro area experiences a sharp recession,\u201d the Washington-based IMF said. \u201cHowever, a track record of fiscal discipline has given China ample room to respond to such an external shock.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

While it weighs the possibility of providing financial support to curb the debt crisis in Europe, the IMF warned Monday that\u00a0China’s economic growth could drop quickly if Europe’s debt\u00a0situation deteriorates. From\u00a0Bloomberg: Based on the IMF\u2019s \u201cdownside\u201d forecast for the global economy, China\u2019s growth could drop by as much as 4 percentage points from the fund\u2019s […]<\/p>\n","protected":false},"author":983,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2,14744,14746],"tags":[14722,134,415,5940,933],"class_list":["post-130990","post","type-post","status-publish","format-standard","hentry","category-world","category-economy","category-level-2-article","category-level-4-article","tag-debt","tag-economic-growth","tag-europe","tag-gdp","tag-imf","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nIMF Cuts China's 2012 Growth Forecast<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2012\/02\/imf-cuts-chinas-2012-growth-forecast\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF Cuts China's 2012 Growth Forecast\" \/>\n<meta property=\"og:description\" content=\"While it weighs the possibility of providing financial support to curb the debt crisis in Europe, the IMF warned Monday that\u00a0China’s economic growth could drop quickly if Europe’s debt\u00a0situation deteriorates. 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